Challenges Facing In Real Estate Property Investment

Category : Quantity Surveyors

Challenges Facing In Real Estate Property Investment

by

Cindy Roy

One thing that many people will be in agreement with is that up to now the industry of real estate is conflicting to make an impact on the lives of people. It is still down and it\’s until now to rise. If it was capable enough, countries wouldn\’t understand the housing challenges they are having nowadays.

Initially it was said that the high interest rates that were charged on mortgages explained this circumstance. A few years ago, these interest rates were cheap but still the situation has not changed. This shows that there are other factors which distress this business of real estate property. Therefore, if you are an investor and you wish to invest in residential property, the following are some of the challenges you need to be geared up for.

One of these challenges involves concerns to do with unemployment. Research has it that unemployment is the major challenge that hampers the business of residential housing. This is because of the evident reason that a person who doesn\’t have a job can\’t afford to buy a decent home. However, this is not the holder always. Even those who are employed are tentative in taking a mortgage. They fear what will happen to them if they lose their jobs and they have a loan to compensate for a residential property.

[youtube]http://www.youtube.com/watch?v=vA3JC9WtVXk[/youtube]

The second factor that poses a great confront to this industry is the ever rising numbers of the human population. Though population increase affords a large market to this sector, different people have different tastes and preferences. It is therefore tough to meet all the requirements that they want.

Due to this reason, some homeowners have experienced many losses as they were not able to sell their properties because they have been turned down by the buyers. It is therefore sensible for investors to carry out a thorough research on people\’s likes and dislikes.

Lack of resources is the third challenge that the industry faces. People don\’t have sufficient money to pay as a down payment for these houses. Others on the other hand are not willing to deposit their money into this kind of business. The result that is obtained from these actions is that the industry gets fewer finances that can\’t impel its growth. Natural calamities have also stalled the growth of this sector. The negative crashes brought about by earthquakes and floods are the examples here. Whole houses have been brought down by these calamities.

Man\’s actions have also exaggerated the growth of this industry. Actions of terrorism and those that lead to fire burning are the illustrations here. Harmful business competition is the challenge that has also contributed to the downfall of this industry.

New shareholders are finding it difficult coping up in this market because those who entered the market early are monopolizing everything. However all is not misplaced in this industry. Solutions can be hunted for these challenges and the industry can be reclaimed. Proper planning and preparation need to be done by both owners and buyers of these homes so that challenges can be managed successfully whenever they come.

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Canadian Conservatives vow to defend Arctic sovereignty

Category : Uncategorized

Friday, December 23, 2005

The Conservative Party of Canada leader Stephen Harper today made bold claims about the Canadian Arctic region at a campaign stop in Winnipeg, “The single most important duty of the federal government is to protect and defend our national sovereignty.” . The prime minister-hopeful stated, “There are new and disturbing reports of American nuclear submarines passing though Canadian waters without obtaining the permission of —or even notifying — the Canadian government.”

Harper promised a significant increase in military presence in the Canadian region, which has had notable soveriegnty disputes with the United States, Russia, Denmark and Norway.”You don’t defend national sovereignty with flags,” Harper said. “You need forces on the ground, ships in the sea, and proper surveillance.”

Among other promises, Harper stated he would station three armed naval heavy ice breakers in the area of Iqaluit with 500 regular force personnel, recruit 500 more Canadian rangers, and build a new army training center in the area of Cambridge Bay on the Northwest Passage.File:Stephen Harper voa.jpg

“As prime minister, I will make it clear to foreign governments — including the United States — that naval vessels traveling in Canadian territorial waters will require the consent of the government of Canada,” Harper stated.

The Conservative Party Website states this ““Canada First” Northern Strategy will increase surveillance, navy, army and air force presence”.

The Liberal Party of Canada, the Conservatives’ most powerful rival in the election, quickly posted a rebuttal on their website. They claim Stephen Harpers stated defense budget of $5.3(CAD) billion over 5 years is not enough to afford the two polar icebreakers, which the Liberal party claims will cost $3(CAD) billion with the party estimating an upkeep of $150(CAD) million per year. “Where does Mr. Harper plan to find another $1 billion?” the party asked in their rebuttal.

The Arctic may be an important issue in the future for Canadians, as scientists expect the fabled Northwest Passage of the Arctic to open up for year round shipping by 2050 as a result of global warming. According to the online encyclopedia Wikipedia, trade routes from Europe to the Far East could save 4000 km through the passage, as compared to the current routes through the Panama Canal.

Canada last flexed its muscle in the Arctic in 2004 in its most massive Arctic exercise ever, with six hundred personnel from the three services (army, air force, navy) involved in a large exercise in the Baffin Islands.

Canadians are scheduled to go to the polls on January 23, 2006 in an early election as a result of a non-confidence motion in parliament against the former ruling Liberal party.

Retrieved from “https://en.wikinews.org/w/index.php?title=Canadian_Conservatives_vow_to_defend_Arctic_sovereignty&oldid=4514565”

Senator Ted Stevens loses re-election bid in Alaska ballot

Category : Uncategorized

Wednesday, November 19, 2008

Alaskan U.S. Senator Ted Stevens, who turned 85 yesterday, narrowly lost his re-election bid to Mark Begich, the Democratic Mayor of Anchorage, Alaska.

Meanwhile, as Alaska’s counting of the November 4 election is almost complete, Democratic challenger for the US House of Representatives, Ethan Berkowitz, conceded to incumbent Don Young, the Republican Party nominee.

With this result, the Democrats are two seats away (assuming that independents Bernie Sanders and Joe Lieberman continue to caucus with them) from a filibuster-proof supermajority in the United States Senate, with two races (Minnesota and Georgia) as yet uncalled. That would allow the Democrats to invoke cloture, limiting filibusters to a further 30 hours, an ability last attained in the 95th Congress of 1977-79.

Stevens is entitled to request a recount at his campaign’s expense, and has not yet made a statement. After the completion of counting yesterday, Begich had defeated Stevens by 3,724 votes, a margin of over one percent. 2,500 special absentee and postal ballots remain to be counted on November 25.

Begich released a statement on his win saying, “I am humbled and honored to serve Alaska in the United States Senate. It’s been an incredible journey getting to this point, and I appreciate the support and commitment of the thousands of Alaskans who have brought us to this day.”

Young won his race by 16,280 votes, a margin of five percent.

Stevens recently became a convicted felon on seven counts for lying on Senate disclosure forms about accepting $250,000 in gifts and home renovations from VECO, an oil services company. He has asked President George W. Bush not to grant him a presidential pardon.

Retrieved from “https://en.wikinews.org/w/index.php?title=Senator_Ted_Stevens_loses_re-election_bid_in_Alaska_ballot&oldid=3123203”

Fur fans flock to Toronto’s Furnal Equinox 2019

Category : Uncategorized

Monday, March 25, 2019

From March 15 to 17, the Canadian city of Toronto played host to the tenth Furnal Equinox, an annual event dedicated to the “furry fandom.” Wikinews attended. Programming ranged from music to gender, science to art, covering dozens of aspects of the varied subculture. The event’s featured guests were visual artists Moth Monarch and Cat-Monk Shiro, as well as the co-owners of US fursuit costume builders Don’t Hug Cacti.

The event raised nearly CDN$11,000 for Pet Patrol, a non-profit rescue organization in Kitchener-Waterloo, Ontario, run by volunteers. This exceeded their goal of $10,000, the funds needed to finish a rural sanctuary. The furry community is well-known for their charitable efforts. Along with direct donations, the funds were raised through a charity auction offering original artwork, and a fursuit design by guests of honour “Don’t Hug Cacti.” Last year, Furnal Equinox raised funds for a farm animal sanctuary.

While only 10–15% of people within the fandom own a fursuit according to a 2011 study, event organizers reported this year 908 of the 2240 attendees at Furnal Equinox brought at least one elaborate outfit to the event. The outfits are usually based on original characters, known as “fursonas”.

Guests of Honour Cherie and Sean O’Donnell, known within the community as “Lucky and Skuff Coyote”, held a session on fursuit construction on Saturday afternoon. The married couple are among the most prominent builders in the fandom, under the name Don’t Hug Cacti. The scale of their business was evident, as Sean had made over a thousand pairs of “handpaws”, costume gloves.

The couple encouraged attendees to continue developing their technique, sharing that all professional fursuit makers had developed different techniques. They felt that they learned more from failed projects than successful ones, citing the Chuck Jones quote that “every artist has thousands of bad drawings,” and that you have to work through them to achieve. Cherie, known as Lucky, recalled receiving a Sylvester the Cat plush toy from a Six Flags theme park at age 10. She promptly hollowed the toy out, turning it into a costume. Creating a costume isn’t without its hazards: the company uses 450°F (232°C) glue guns. They’re “like sticking your hand in an oven.”

Other programming included improv comedy, dances, life drawing of fursuiters, a review of scientific research by a research group at four universities called FurScience, a pin collector’s social, and workshops in writing.

The “Dealer’s Den” hall was expanded this year, with even more retailers and artists. While many offered “furry” versions of traditional products, at least one business focused on “pushing the boundaries of fursuit technology.” Along with 3D printing a bone-shaped name tag when Wikinews visited, Grivik was demonstrating miniature computer screens that could be used as “eyes” for a fursuit. The electronic displays projected an animation of eyes looking around, blinking occasionally. The maker has also developed “a way to install a camera inside suit heads, to improve fursuiter visibility.” He hopes the tech would reduce suiting risks and accidents. Without the need for eyeholes, fursuit makers would have “more options for building different eyestyles.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Fur_fans_flock_to_Toronto%27s_Furnal_Equinox_2019&oldid=4564835”

Fire Rated Downlights Could Save Your Life

Category : Steel Manufacturer

Fire rated downlights are designed as a safety measure and will prevent the spread of fire. If you are unsure about whether you need to install them or not then think about the small amount of cost that is involved then consider what and why they are designed to do.

Fire rated downlights are made from or contain intumescent material, this material expands when it reaches a certain temperature sealing off the hole and slowing down the spread of fire. The fire is then unable to have direct access to the structure of the building.

Fire rated downlights are used to maintain the ceilings fire integrity. Part B of the Building Regulations covers fire safety and has been a legal requirement since 1987. Not all downlights have to be fire rated but it is important to know when and where they should be used.

When a recessed downlight is installed, a hole must be cut into the ceiling to allow the downlight to be mounted in. This hole reduces the fire integrity of the ceiling. In the event of a fire, flames spread through the holes and set light to the structure of the building. Most ceilings are constructed from timber joists which in the event of a fire, could burn and collapse in a matter of minutes. If the structure of the building is made from materials with higher temperature ratings such as concrete then fire rated downlights are not necessary.

The minimum fire rating for downlights is 30 minutes; this rating is for ceiling joists with a spacing of 600mm. This should allow enough time for the occupants to escape the building or for the fire service to extinguish the fire without floor or the entire building collapsing.

There are three types of structurally different ceilings:

1. 30 minute ceilings have ceiling joists with a spacing of 600mm and with one layer of 12.5mm plasterboard fixed to the underside of the joist.

2. 60 minute ceilings have ceiling joists with a spacing of 600mm and with a double layer of 15mm plasterboard fixed to the underside of the joist.

3. 90 minute ceilings have ceiling joists with a spacing of 450mm and with a double layer of 15mm plasterboard fixed to the underside of the joist.

Most fire rated downlights are suitable for all three types of ceilings but some are not and only rated for 30 or 60 minute ceilings.

When downlights are being installed in upper floor ceilings with roof space only above them they don’t necessarily need to be fire rated. This is because there is little risk of the fire spreading through the holes and onto the structure of the building. However, fire rated downlights have many other advantages. They are also approved to other important Building Regulations such as Part C – moisture protection, Part E – acoustic resistance.

Building Regulations now state that a room should be air tight, if you have multiple downlights that are not fire rated warm air will escape through the holes. In cold ceiling spaces such as loft areas, downlights act as chimneys and draw out the warm air from a room.

Even if you feel that fire rated downlights are not important for preventing the spread of fire then these other Building Regulations should be considered. Most adjustable downlights do not provide moisture protection or acoustic resistance.

To summarise, although fire rated downlights are slightly more expensive, they are safer, comply with the Building Regulations and may offer peace of mind.


Wikinews interviews candidate for New York City mayor Vitaly Filipchenko

Category : Uncategorized

Wednesday, June 16, 2021

In early May, Wikinews extended an invitation to Vitaly Filipchenko, an independent candidate in the 2021 New York City mayoral election, set to take place November 2nd, alongside other candidates. Filipchenko answered some questions about his policies and campaign during a phone interview.

Filipchenko, registered on the New York City Campaign Finance Board as Vitaly A. Filipchenko, is the first Russian candidate for New York City mayor, being born in Tomsk, Siberia in 1973, according to news agency Sputnik. He has since naturalised as a United States citizen. According to the web site, Filipchenko has been educated in road construction and maintenance and owns a moving services company; he describes himself on his web site as a “small business owner”. On his web site’s platform page, he says that “[m]y English may not be perfect – but my platform is.”

Incumbent Democrat mayor Bill de Blasio, who won re-election in the 2017 New York City mayoral election by 66.5%, cannot run for a third term under term limits. As of April 28, 22 candidates are currently running, the majority of whom are also Democrats. Ahead of the June Democratic primary for New York City mayor, a poll conducted May 23 and 24 by WPIX and Emerson College of 12 Democratic candidates with a margin of error of 3.2 per cent has former commissioner for the New York City Department of Sanitation Kathryn Garcia and Borough President of Brooklyn Eric Adams leading with 21.1% and 20.1%, respectively.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_candidate_for_New_York_City_mayor_Vitaly_Filipchenko&oldid=4673651”

First Active offer 100% mortgages in Ireland

Category : Uncategorized

Thursday, July 14, 2005

First Active has become the first financial institution to offer 100% mortgages in the Republic of Ireland. The bank previously offered 100% financing to professionals in finance and medicine, but is now to offer this product to anyone who can afford to meet the repayments.

The development is a huge boost for first time home buyers who have been struggling to get on the Irish property market in recent years due to the rapid increase in house prices. A typical first time buyer in Dublin with 92% financing would normally have to put down a deposit of €20,000-€30,000 in cash, but now have the option to produce no deposit.

First Active has said that 100% mortgages will be available across its entire range of mortgage products.

Note however that this is not necessarily an entirely positive development.

The United States and most of Europe have experienced a housing price bubble in recent years. A bubble occurs when buyers purchase a property not because its price is appropriate for its actual value but because they expect the price to significantly rise in the short term permitting resale with a profit.

In other words, the prices people pay for properties becomes divorced from the real value of the property; the purchase is speculative and depends purely upon the expectation that people will continue to buy properties in this way (e.g. without proper consideration of their real value).

The terrible weakness in this is that when the market corrects itself and prices fall to a level where properties are being priced at their actual realistic value, anyone holding a property loses a great deal of money, since the price they paid does not reflect the actual realistic value of the property.

This kind of shock to the housing market is extremely undesirable. Significant write downs in the value of property often significantly depress the economy as a whole.

Less than 100% mortgages force buyers to invest a significant amount of money in the act of purchasing their house, which tends to discourage purely speculative purchasing, thus helping to mediate house price bubbles.

With 100% financing, anyone who can meet repayments can speculatively purchase a property. This naturally encourages pricing bubbles.

Retrieved from “https://en.wikinews.org/w/index.php?title=First_Active_offer_100%25_mortgages_in_Ireland&oldid=717674”

What Adventures Lie At The End Of Your Flight From Prestwick To Tenerife?}

Category : Parking

What Adventures Lie at The End of Your Flight From Prestwick to Tenerife?

by

Evie ConnollyAre you planning to go on holiday but just can’t figure out where to stick the pin in the map? If you are, especially if what you need is a laid back sightseeing adventure, then Tenerife is the place your wings should take you.

Tenerife is a life-rich Island in Spain. It is the largest of the Canary Islands with an area of over 2000 square kilometres just waiting for your exploration. If you are looking to feed your eyes, this is your go-to place. It is filled with unique historical sites, beautiful beaches and corals, as well as elegant botanical gardens.

[youtube]http://www.youtube.com/watch?v=MvGKxDlXgvQ[/youtube]

Ryanair offers a flight from Prestwick Airport four times a week. The flight departs at 6:15 am every Tuesday, Thursday, and Saturday; and at 11:45 am on Sunday. You will be flying for 4 hours 40 minutes.

And should you find yourself in need of Prestwick Airport car parking, the parking at airports website, has your back with its voucher codes that can get you as much as 70 percent off.

Here are 5 Reasons you should visit Tenerife, Spain.1. Guimar PyramidsWhen you think of Pyramids, the picture that most likely comes to mind is that of the Giza monuments. However, there are numerous pyramids in different parts of the world and Tenerife has some unique ones.

The Guimar Pyramids are 6 free-standing pyramids that were erected in the 19th century. They’re found in a location of rich archeological interest and there is a museum within the area to satisfy your curiosity.

2. Los Gigantes CliffsThese majestic cliffs will definitely leave a permanent mark on your memory. They are sheer cliffs that go up to 1600 feet up from the Atlantic Ocean. You can take a boat ride to see the mountains up close. The cliffs can also be seen from most of the restaurants within the region. Imagine sipping on some wine while relaxing, eyes on the captivating view ahead.3. Teide National ParkThis park is a must-see. It is located around Mount Teide and has a number of trails that are great for hiking. The visuals you will get around here are of the stark and barren variety, all the while enjoying fresh breezes in the open park.

But the biggest reason you just have to be at Teide is the Cable car ride which can take you up the mountain, just a few meters before the summit. Teide Mountain is the tallest mountain in Spain. Now imagine a cable car ride up. Obviously you will be treated to some of the most unforgettable sights ever.

Your Tenerife adventure doesn’t have to be costly. You can get deal offers on your flight tickets as well as your your Prestwick meet and greet. The parking at airports websites is particularly great for the latter.

If you’re in need of Prestwick Airport car parking, you can visit the website:

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Article Source:

eArticlesOnline.com}


Several businesses catch fire in Queens, New York

Category : Uncategorized

Monday, November 3, 2008

Sunday, a fire rushed through seven businesses at the Whitestone Shopping Center in Whitestone, Queens, New York, near the Cross Island Parkway in New York City.

The fire started at around 1:00 AM EST (UTC-5) on November 2, 2008 in a diner known as Lollipops. According to local sources, Lollipops was a popular restaurant in the area. The fire spread through the stores, up an awning and continued all the way to a corner of the shopping center. In the end, seven businesses were destroyed, including two banks, two restaurants and a GNC Nutrition Center. It took dozens of firefighters to put out the large blaze.

According to WCBS-TV, with his diner Lollipops destroyed, the owner was too upset to comment.

Nearby Chinese restaurant, King’s Chef, was also damaged. “I cannot open because of whatever rules – tomorrow’s Monday, Tuesday is a holiday,” the owner, Patrick Chan, told WCBS-TV. “If I cannot get them to come tomorrow, I am going to lose big time.”

This is a calamity for many of these small businesses to be out of business, particularly in this economy.

Nearby residents reacted to the situation. Several residents have reported that it is a major loss to the community as they considered Lollipops to be a landmark. Several residents have reported knowing members of either the victim stores or others in the strip mall.

State Senator Frank Padavan commented on the loss of the shopping center.

“This is a calamity for many of these small businesses to be out of business, particularly in this economy,” he said.

The next day, investigators were boarding up the windows of the damaged stores. No one was hurt because all the stores were closed at the time of the blaze.

Retrieved from “https://en.wikinews.org/w/index.php?title=Several_businesses_catch_fire_in_Queens,_New_York&oldid=3290706”

Excessive surgeries swell Medicare costs in United States

Category : Uncategorized

Wednesday, October 15, 2008

At least 10% of the increase in Medicare expenditures since the mid-1990s is due to increased rates of one type of elective surgery, according to a recent study, and many of the patients may not need it. University of California, San Francisco found that only 44% of patients who undergo an elective cardiac surgery called angioplasty get the recommended test to determine whether the procedure is appropriate.

As a result, patients may be receiving a procedure that they either do not need or for which the risk outweighs the benefit. The operation opens partially clogged arteries in patients with heart disease and the annual rate of elective angioplasties has tripled in the United States during the last decade.

Angioplasties are currently being performed at a rate of over 800,000 per year in the U.S. The average cost was $44,110 per procedure in 2004. Since the operation tends to be performed on older Americans, Medicare covers most patients and compensates US$10,000 to $15,000 for each case.

Reuters reporter Julie Steenhuysen writes that angioplasty is “big business for medical device makers including Boston Scientific Corp, Medtronic Inc, Abbott Laboratories Inc and Johnson & Johnson”. Dr. Raymond Gibbons, a professor of medicine who specializes in cardiology at the Mayo Clinic in Rochester, Minnesota, criticizes the current U.S. health care system for compensating doctors based upon procedures performed rather than for following recommended practices.

We didn’t expect to find 100 percent, but we expected a much higher percentage than 44

A stress test in which the patient walks on a treadmill is recommended to determine whether a partial obstruction impairs heart function. Although not all patients who need angioplasty are strong enough to undergo the stress test, UC San Francisco researchers were surprised that testing preceded so few of the surgeries.

Professor of medicine Dr. Rita F. Redberg told U.S. News and World Report, “We didn’t expect to find 100 percent, but we expected a much higher percentage than 44”. Dr. Redberg co-authored a report on the findings for the Journal of the American Medical Association this month.

Dr. Grace Lin, another co-author of the study, noted: “What really matters is whether or not that blockage is affecting blood flow to the heart. That is why the stress test is important.” Their research analyzed over 23,000 Medicare cases and over 1,600 commercial insurance cases.

American Heart Association president Timothy Gardner called the study “a good wake-up call” to remind medical doctors to make sure they do not perform unnecessary procedures. Dr. Gardner regards the study as evidence that many unnecessary angioplasties are being performed.

You can do a stress test every year to be sure things are normal. That is an important baseline that is being ignored all too frequently.

The study found great variation in the rate of stress testing. Geographic areas ranged from 22% to 76% with the highest rate of testing in the Northeastern and Midwestern states. Testing rates also varied by gender, with men more likely to receive a stress test than women, and by other factors including the age of the physician. Dr. Gibbons points to some of these variances as indications that some physicians may be performing angioplasties indiscriminately.

Not all physicians agree. Although the various types of stress testing usually cost a few hundred dollars instead of tens of thousands, the chief cardiologist at University of Wisconsin Hospital and Clinics Dr. Matthew Wolff notes that stress tests yield false negative results in about 10% of cases. In his opinion, doctors who rely on stress tests “are going to be missing people with severe disease.” Although he agrees that some angioplasties are unnecessary, he contends that the new study does not offer a solution to the dilemma.

The American College of Cardiology plans to release new guidelines soon to help doctors determine when a stress test is appropriate, yet the payment system lacks a financial incentive to abide by testing guidelines. Dr. Eric Topol of Scripps Translational Science Institute in La Jolla, California noted the underuse of stress tests in a study of private insurance records 14 years ago. Dr. Topol agrees that testing guidelines “should be much more clear-cut”, and adds that stress tests ought to be performed annually. “You can do a stress test every year to be sure things are normal. That is an important baseline that is being ignored all too frequently.”

Cardiologist, Dr. Anthony DeFranco of Aurora St. Luke’s Medical Center, considers stress testing to be appropriate in at most 65% of cases, since a substantial minority of patients have other health problems that prevent them from undergoing the test.

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